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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?


To: Steven Angelil who wrote (14738)2/17/1998 11:42:00 AM
From: TideGlider  Respond to of 25960
 
No rally in the Naz....most techs down..

TG



To: Steven Angelil who wrote (14738)2/17/1998 12:15:00 PM
From: TideGlider  Respond to of 25960
 
A better understanding of the purpose of the PP..? I believe something is in the works for a take over or merger.

TG

Tuesday February 17, 10:51 am Eastern Time

Cymer board oks shareholder rights plan

SAN DIEGO, Feb 17 (Reuters) - Cymer Inc said its board adopted a shareholder rights plan.

Under the plan, the rights will be distributed as a dividend at a rate of one preferred share purchase right on each outstanding
share of common stock held by stockholders of record as of close of business on March 2, 1998.

The dividend distribution will be made on or about April 20, 1998, with rights expiring on February, 13, 2008.

The rights are designed to protect Cymer stockholders in the event of a proposed takeover, partial tender offers or other
abusive tactics to gain control of the company.